NHC Reports Third Quarter Earnings

MURFREESBORO, Tenn. — National HealthCare Corporation (NYSE-American: NHC), the nation’s oldest publicly traded senior health care company, today announced net income available to common shareholders for the quarter ended September 30, 2017 of $11,352,000 compared to $11,110,000 for the quarter ended September 30, 2016, an increase of 2.2%. Excluding the operating losses from the newly constructed skilled nursing facility and two assisted living facilities placed in service in 2017, net income available to common shareholders for the quarter ended September 30, 2017 would have been $11,824,000.

Net operating revenues for the three months ended September 30, 2017 totaled $241,985,000 compared to $231,281,000 for the same three months of 2016, an increase of 4.6%. Net income was $0.75 per common share basic for the quarter ended September 30, 2017 compared to $0.73 per common share basic for the quarter ended September 30, 2016, an increase of 2.7%. View as PDF